Intimation for Withdrawal of the Resolution for Increase in Authorized Share Capital of the Company passed at the Annual General Meeting of the Company held on 13th September, 2025
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Kizi Apparels has withdrawn a special resolution that shareholders had approved at the AGM on 13 September 2025. That resolution would have raised the company's authorized share capital from ₹8 crore to ₹25 crore. The board, at its meeting on 14 October 2025, decided to revoke the resolution because the planned capital increase was meant to fund specific expansion projects, which have now been postponed. No filing with the Registrar of Companies was made under Form SH-7, meaning the resolution was never acted upon. The company says it may revisit the capital increase at a more appropriate time, in line with its future funding needs.
For investors, this signals that the company's near-term expansion plans are on hold and any potential fundraising or dilution via this capital headroom is postponed. In the short term, this removes the possibility of a fresh equity issue from this route, which may be a relief for existing shareholders worried about dilution.